Burford Capital

BUR • NYSE

Burford Capital is a asset management company in the financial services sector on NYSE, led by Jordan D. Licht, with a market cap of $2.0B. As of Q3 2025, 61% of shares are held by 202 institutional investors, with BlackRock, Inc. as the largest holder at 5.22%.

CEOJordan D. Licht

Market Cap$2.0B

Asset Management

Financial Services

Employees161.0

Websiteburfordcapital.com

Overview

Overview of institutional ownership in BUR as of Q3 2025 with a market cap of $2.6B

All Institutions

Institutions: 202
Value Held: $1.6B
Shares Held: 134.3M
Avg Position: $7.9M
Median Position: $756.1K

Hedge Funds

Hedge Funds: 37
Value Held: $292.0M
Shares Held: 24.6M
Avg Position: $7.9M
Median Position: $1.5M

Ownership Breakdown

Institutional (non-HF)

49.9%

$1.3B

Hedge Funds

11.16%

$292.0M

Retail & Other

38.95%

$1.0B

Based on market cap of $2.6B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in BUR as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$136.7M 0.00% of portfolio	5.22% 11.4M shares	Q4 2020 Held for 4y 11m	$5.67T
M Mithaq Capital SPC Institution	-	$125.2M 33.81% of portfolio	4.78% 10.5M shares	Q4 2023 Held for 1y 11m	$370.2M
O Orbis Allan Gray Ltd RIA/Wealth	Don Lynn Ray Managing Partner	$109.9M 0.47% of portfolio	4.20% 9.2M shares	Q4 2020 Held for 4y 11m	$23.3B
AMERIPRISE FINANCIAL INC Institution	Jim Cracchiolo CEO	$107.2M 0.02% of portfolio	4.30% 9.4M shares	Q4 2020 Held for 4y 11m	$433.11B
P Pictet North America Advisors SA Institution	-	$91.1M 8.53% of portfolio	3.50% 7.6M shares	Q1 2021 Held for 4y 8m	$1.1B
Invesco Ltd. ETF Provider	Brian Christopher Hartigan CEO	$72.4M 0.01% of portfolio	2.77% 6.1M shares	Q1 2022 Held for 3y 8m	$633.08B
BANK OF MONTREAL /CAN/ Institution	Darryl White CEO	$65.0M 0.03% of portfolio	2.48% 5.4M shares	Q4 2020 Held for 4y 11m	$227.19B
CONTRARIAN CAPITAL MANAGEMENT, L.L.C. Hedge Fund•Distressed	Jon Robert Bauer Managing Partner	$48.4M 12.66% of portfolio	1.85% 4.0M shares	Q1 2025 Held for 8 months	$382.0M
COOKE & BIELER LP Long Only Manager	Edward W O'Connor Partner	$47.4M 0.49% of portfolio	1.81% 4.0M shares	Q1 2025 Held for 8 months	$9.7B
BARROW HANLEY MEWHINNEY & STRAUSS LLC Long Only Manager	Cory Lawrence Martin CEO	$42.4M 0.13% of portfolio	1.62% 3.5M shares	Q3 2023 Held for 2y 2m	$31.4B

Net Capital Flow

Institutional buying and selling activity for BUR in Q3 2025

Traded: −$7.2M
Buyers: 112
Sellers: 83
Total Bought: +$136.9M
Total Sold: −$144.1M
Avg Position: $7.1M

Biggest Buyers

Institution	Net Bought	Current Position
CONTRARIAN CAPITAL MANAGEMENT, L.L.C. Hedge Fund•Distressed	+$17.8M +1.5M shares	$48.4M 4.0M shares
O Orbis Allan Gray Ltd RIA/Wealth	+$17.5M +1.5M shares	$109.9M 9.2M shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$13.3M +1.1M shares	$18.9M 1.6M shares
COOKE & BIELER LP Long Only Manager	+$12.4M +1.0M shares	$47.4M 4.0M shares
B BlackRock, Inc. Institution	+$8.4M +702.2K shares	$136.7M 11.4M shares
Mawer Investment Management Ltd. Long Only Manager	+$8.1M +678.4K shares	$8.1M 678.4K shares
BANK OF MONTREAL /CAN/ Institution	+$5.4M +455.6K shares	$65.0M 5.4M shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$5.3M +440.5K shares	$8.5M 712.0K shares
MORGAN STANLEY RIA/Wealth	+$4.4M +370.5K shares	$35.7M 3.0M shares
Aperture Investors, LLC Hedge Fund•Multi-Strategy	+$3.7M +308.5K shares	$5.4M 451.4K shares

Biggest Sellers

Institution	Net Sold	Current Position
T TEACHER RETIREMENT SYSTEM OF TEXAS Institution	−$35.7M −3.0M shares	$23.5M 2.0M shares
UBS Group AG Institution	−$25.8M −2.2M shares	$6.5M 543.2K shares
G GREENLEA LANE CAPITAL MANAGEMENT, LLC Hedge Fund•Value	−$16.4M −1.5M shares	$19.7M 1.8M shares
BARCLAYS PLC Institution	−$8.5M −712.7K shares	$13.9M 1.2M shares
R Rovida Investment Management Ltd Institution	−$6.7M −575.0K shares	Sold Off 0 shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	−$3.6M −302.6K shares	$1.2M 103.9K shares
JPMORGAN CHASE & CO Institution	−$3.5M −294.3K shares	$9.2M 765.9K shares
Marshall Wace LLP Institution	−$3.2M −269.6K shares	$3.8M 316.2K shares
Falcon Edge Capital LP Hedge Fund•Multi-Strategy	−$3.1M −217.1K shares	Sold Off 0 shares
BARROW HANLEY MEWHINNEY & STRAUSS LLC Long Only Manager	−$2.5M −209.8K shares	$42.4M 3.5M shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited BUR in Q3 2025

New Positions: 17
New Value: $13.5M
Exited Positions: 24
Exited Value: $21.5M

New Positions

Institution	Position Value
Mawer Investment Management Ltd. Long Only Manager	$8.1M 678.4K shares
T TWINBEECH CAPITAL LP Hedge Fund•Quant	$2.3M 190.1K shares
Holocene Advisors, LP Hedge Fund•Long/Short	$782.2K 65.4K shares
TORONTO DOMINION BANK Institution	$662.9K 55.4K shares
B Bryce Point Capital, LLC Hedge Fund•Market Neutral	$468.8K 39.2K shares
G GTS SECURITIES LLC Institution	$302.2K 25.3K shares
C CAPITAL ADVISORS INC/OK Institution	$186.6K 15.6K shares
S S.A.C. Capital Advisors Ltd. Institution	$161.4K 13.5K shares
JustInvest LLC Long Only Manager	$135.3K 11.3K shares
GWN SECURITIES INC. RIA/Wealth	$131.9K 11.0K shares

Exited Positions

Institution	Previous Position
R Rovida Investment Management Ltd Institution	$6.7M 575.0K shares
Falcon Edge Capital LP Hedge Fund•Multi-Strategy	$3.1M 217.1K shares
P Pale Fire Capital SE Institution	$1.8M 128.1K shares
ALGERT COLDIRON INVESTORS LLC Hedge Fund•Quant	$1.4M 101.3K shares
MARTINGALE ASSET MANAGEMENT L P Long Only Manager	$1.2M 84.5K shares
Weiss Asset Management LP Hedge Fund•Multi-Strategy	$1.2M 82.5K shares
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy	$1.1M 77.8K shares
LEUCADIA NATIONAL CORP Institution	$1.0M 85.6K shares
Militia Capital Partners, LP Hedge Fund•Long/Short	$855.6K 60.0K shares
S STONEHILL CAPITAL MANAGEMENT LLC Hedge Fund•Distressed	$673.5K 47.2K shares

Options Activity

Institutions with the largest Call and Put options positions in BUR as of Q3 2025

Call Positions: 9
Call Value: $12.0M
Put Positions: 14
Put Value: $17.5M

Call Positions

Institution	Position Value
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$3.9M 3.3K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$3.8M 3.2K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$956.8K 800.0 contracts
J JANE STREET GROUP, LLC Institution	$875.6K 736.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$785.8K 657.0 contracts
P PEAK6 LLC Institution	$657.8K 550.0 contracts
W WOLVERINE TRADING, LLC Institution	$552.2K 456.0 contracts
Walleye Trading LLC RIA/Wealth	$438.9K 367.0 contracts
D DCF Advisers, LLC Institution	- - contracts

Put Positions

Institution	Position Value
FRANKLIN RESOURCES INC Institution	$12.4M 10.4K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$2.6M 2.2K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$1.3M 1.1K contracts
J JANE STREET GROUP, LLC Institution	$541.3K 455.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$228.4K 191.0 contracts
Walleye Trading LLC RIA/Wealth	$184.2K 154.0 contracts
W WOLVERINE TRADING, LLC Institution	$132.0K 109.0 contracts
GOLDMAN SACHS GROUP INC Institution	- - contracts
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	- - contracts
A Amitell Capital Pte Ltd Institution	- - contracts

Most Committed Institutions

Institutions with BUR as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
M Mithaq Capital SPC Institution	-	33.81% $125.2M	4.78% 10.5M shares	Q4 2023 Held for 1y 11m	$370.2M
DG Capital Management, LLC Hedge Fund•Multi-Strategy	Dov Nmn Gertzulin Managing Partner	16.95% $26.0M	1.00% 2.2M shares	Q4 2022 Held for 2y 11m	$153.6M
E Emeth Value Capital, LLC Hedge Fund•Value	Andrew Joseph Carreon Managing Partner	16.01% $16.5M	0.63% 1.4M shares	Q4 2024 Held for 11 months	$103.2M
Bandera Partners LLC Hedge Fund•Value	Jefferson Philip Gramm Managing Partner	12.73% $29.0M	1.11% 2.4M shares	Q3 2021 Held for 4y 2m	$228.1M
CONTRARIAN CAPITAL MANAGEMENT, L.L.C. Hedge Fund•Distressed	Jon Robert Bauer Managing Partner	12.66% $48.4M	1.85% 4.0M shares	Q1 2025 Held for 8 months	$382.0M
BREACH INLET CAPITAL MANAGEMENT, LLC Hedge Fund•Long/Short	Christopher Dennis Colvin Managing Partner	12.41% $25.1M	0.96% 2.1M shares	Q4 2024 Held for 11 months	$202.5M
P Pictet North America Advisors SA Institution	-	8.53% $91.1M	3.50% 7.6M shares	Q1 2021 Held for 4y 8m	$1.1B
Greenhaven Road Investment Management, L.P. Hedge Fund•Value	Mark Joel Rubin COO	7.91% $19.2M	0.73% 1.6M shares	Q1 2023 Held for 2y 8m	$242.3M
Sycale Advisors LLC Hedge Fund•Distressed	Arnold Ephraim Dande Ngoje CFO	7.54% $24.2M	0.92% 2.0M shares	Q4 2020 Held for 4y 11m	$320.5M
G GREENLEA LANE CAPITAL MANAGEMENT, LLC Hedge Fund•Value	Josh David Tarasoff Managing Partner	5.75% $19.7M	0.84% 1.8M shares	Q4 2021 Held for 3y 11m	$343.0M